Economic Activity
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Unemployment in the Providence-Fall River-Warwick metro area plunged 1.6 percentage points to 7.8 percent in April, non-seasonally adjusted, compared with 9.4 percent a month earlier, the U.S. Bureau of Labor Statistics reported Wednesday. more
Exports from Rhode Island climbed 10.5 percent in March compared with the previous month, ending three consecutive months of export declines, according to an e-forecasting.com report released May 27. more
The economy in the U.S. contracted for the first time in three years from January through March as companies added to inventories at a slower pace and curtailed investment. more
Single-family home sales in Massachusetts fell 2.3 percent to 3,427 sales in April compared with 3,508 sales during the same month last year, real estate data tracking firm The Warren Group reported Wednesday. more
Rhode Island will receive more than $2.7 million to clean up properties in Pawtucket, Providence and Westerly that have been designated “brownfields,” where expansion or redevelopment is prevented due to hazardous pollutants or contaminants, the state’s congressional delegation announced Wednesday. more
Passenger traffic at T.F. Green Airport declined in April for a fourth consecutive month, dropping 7.6 percent to 305,453 total passengers from 330,423 passengers in April 2013, according to numbers released Tuesday by the R.I. Airport Corporation. more
The Providence-Fall River-Warwick metro area added 900 construction jobs over the year ended in April, an increase of 5 percent that earned the region a spot at No. 122 in a ranking of U.S. metro areas in terms of year-over-year net employment gain, according to the Associated General Contractors of America jobs report released Tuesday. more
The Black Knight Home Price Index for the Providence metro area improved 2.6 percent in March compared with a year earlier, rising to $234,000 from $228,000, Black Knight Financial Services reported Tuesday. more
The Procaccianti Group on Tuesday announced plans to tear down the John E. Fogarty Memorial Building and erect in its place a 170-room “premium-branded upscale extended-stay hotel.” more
The Providence-Warwick metro area saw its foreclosure rate decline in March to 1.82 percent compared with 2.89 percent during the same month a year earlier, real estate data firm CoreLogic reported Tuesday. more
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